Polaris Parks expands into residential market with launch of Polaris Homes in Sheikh Zayed

Polaris Parks, a developer of integrated industrial parks in Egypt, has launched Polaris Homes, its new residential development arm, marking a strategic expansion into the real estate sector. The company unveiled its first residential projects, Özel Villas and Özel Residences, in Sheikh Zayed City. The move broadens Polaris Parks’ portfolio beyond industrial infrastructure and reflects its ambition to leverage two decades of development experience in the residential market. Over the years, the company has attracted $560m in direct investments and has long-term plans to facilitate up to $4.5bn in cumulative industrial investments. Its industrial developments span more than 10 million square metres and are expected to accommodate around 1,500 factories. Through Polaris Homes, the company aims to transfer its expertise in large-scale infrastructure development and industrial park management to integrated residential communities, with a focus on efficient planning, strategic locations, and enhanced quality of life. Managing Director of Polaris Parks Osman Evren Arıkan described the launch as a natural extension of the company’s established development strategy, noting that the new residential arm draws on Polaris Parks’ extensive experience in delivering large-scale projects in Egypt. He stressed that the expansion complements, rather than replaces, the company’s industrial activities. General Manager of Polaris Parks Bassel Shoirah said the Özel projects are designed to provide a well-planned residential experience centred on functionality, privacy, and community-oriented living. He added that the developments combine contemporary architectural design with green spaces and essential lifestyle amenities. Located on Al Nozha Street in Sheikh Zayed City, opposite Al Rabwa Compound, the projects enjoy close proximity to key destinations, including Smart Village, Hyper One, Al Ahly Club, and Sphinx International Airport. The development offers apartment units starting from 132 square metres and villas reaching 247 square metres, within a low-density master-planned community. Polaris Homes aims to complete and deliver the projects within three years, while offering payment plans of up to eight years.  The post Polaris Parks expands into residential market with launch of Polaris Homes in Sheikh Zayed first appeared on Dailynewsegypt.